Madinet Nasr Housing and Development (MNHD) reports a 113.75% YoY hike in consolidated profit attributable to the parent company in the first nine months of 2022, Invest-Gate reports.
Consolidated profit soars to EGP 534.341 mn in 9M 2022 from EGP 249.984 mn in 9M 2021.
Revenue rises to EGP 3.082 bn in January-September from EGP 1.383 bn last year.
Standalone net profit after tax reaches EGP 544.973 mn in the nine months that ends on September 30th from EGP 257.642 mn in the same period last year.
MNHD’s gross contracted sales jump 218.4% YoY to EGP 6.696 bn in the January-September period, while handovers soar 95.3% YoY to 1,113 units in the same period a year ago.
